The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent.
Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries, especially China and India, were currently limiting their Indonesian coal imports.
“China and India have started to reduce their coal imports from Indonesia. The countries launched a protection policy and have increased domestic coal production to fulfill [local] demands,” Agung said in a statement on Tuesday.
Friday, May 10, 2019
Not entirely sure what this means for Australian coal
Spotted in the Jakarta Post:
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